According to the law of demand, assuming other factors are held constant
Group of answer choices
As the price of milk decreases, the quantity of milk demanded will increase.
As the demand for milk increases, the price of milk will also increase.
As the price of milk increases, the quantity of milk demanded will increase.
As the demand for milk increases, the supply of milk also increases
Group of answer choices
Supply and demand curves have shifted to the left and the equilibrium price and quantity for Panthers’ jersey market has decreased since 2017.
The demand curve shifted to the left, the supply curve shifted to the right, the equilibrium price and quantity increased from 2017.
Supply and demand curves have shifted to the left and the equilibrium quantity has decreased from 2017 but it is impossible to determine the effect on the equilibrium price.
The demand curve shifted to the right, the supply curve shifted to the left, the equilibrium price and quantity increased from 2017.